Galloway, N.J. — The Atlantic Metropolis economic system posted sturdy job progress of 4.2% year-on-year on this
12 months’s first quarter in response to the Summer 2025 edition of the South Jersey Economic Review, which was launched at the moment.
First-quarter job features have been broad primarily based, with these in eating places and bars and retail
commerce recording the biggest will increase.
Along with surveying the regional economic system’s present situations, the most recent version
of the Evaluation discusses a few of the implications of the newly redefined Atlantic Metropolis
metropolitan space, which now combines Cape Could and Atlantic counties.
Oliver Cooke, editor of the South Jersey Financial Evaluation and affiliate professor of
Economics at Stockton.
“Whereas there are some analytical prices related to the brand new redefinition, such
as the lack to parse out the impacts of occasions which will have an effect on the 2 counties
in a different way, the redefinition underscores the significance of considering in broad regional
phrases,” stated Oliver Cooke, editor of the Evaluation and affiliate professor of Economics at Stockton.
The Evaluation additionally discusses the implications of the probably arrival within the not-too-distant
way forward for New York Metropolis-area casinos for Atlantic Metropolis’s economic system and the urgency surrounding
ongoing and future diversification efforts.
“The excellent news is that a few of these efforts are starting to collect momentum. But,
the arduous actuality is that restructuring a metropolitan space economic system takes appreciable
time,” Cooke stated.
The Evaluation locations Atlantic Metropolis’s ongoing diversification efforts in a nationwide context
by exploring a set of “diversification with progress” case research. These reveal that
whereas there isn’t any common path to diversified progress, there are further areas
of alternative — together with ones within the info and monetary sectors — that Atlantic
Metropolis can pursue.
Different highlights embrace:
- Single-family dwelling costs in Atlantic Metropolis climbed 10% final 12 months, their eighth straight
annual improve. The continued climb in dwelling costs has helped gas sturdy homebuilding
exercise over the previous few years. - Probably the most notable exception to the stable first-quarter job progress this 12 months occurred
in on line casino motels, which noticed employment decline 7% year-on-year.
The Summer time 2025 version of the South Jersey Financial Evaluation is produced by the William J. Hughes Center for Public Policy at Stockton College.
